Experts Reveal Vital Details About The New Credit Card Chip Phishing Scam

(Newswire.net — November 29, 2016) Tallahassee, FL — Credit card crimes are highly prevalent nowadays. Fraudsters resort to various measures just to steal and commit their crime. Consumers should be aware of the threats that they are exposed to by simply learning how thieves work.

Experts reveal the vital details about the new credit card chip phishing scam. The EMV technology has been introduced to provide added protection to credit card holders. It makes stealing personal and financial information difficult for fraudsters.

There are times when credit card holders need new credit cards with chips in them. When this happens, thieves are given the opportunity to victimize them.

Bonnie Smyre, an internet security expert from a local company, reveals that fraudsters send out authentic-looking, fake emails to fool their victims. These crooks do not just make fake credit cards look legitimate, but also utilize graphics from the banks of the card holders.

Once the fake but legit-looking email has already deceived the card holder, it then requires an update of information promising that the card is one the way. Once a card holder updates the personal and banking information, the thieves then steal it.

Smyre recommends that consumers should obtain verifications from the bank once they receive some emails, regardless of how legit they appear to be. This can help them increase their protection against phishing scams.

It is also important to remember that thieves do not only use phishing scams, but also other methods to commit their crime. There are those who use card skimming devices and apps.

Credit card skimming devices work by obtaining the signal transmitted by the RFID-enabled credit card. Once the signal is transmitted, the device is able to steal the information from the card. The crime may happen even if the victim and thief are just a few feet away from each other.

There are also credit card skimming apps that make tablets and phones able to read card information. The good news is that consumers can resort to measures that are proven to help increase their protection against thieves.

They may resort to using aluminum foil and cover their cards with it. The foil can be folded inside the wallet too so consumers can use it anytime.

There is also another excellent option called the set of RFID blocking sleeves. These sleeves are designed to protect credit can debit cards from thieves by blocking the signals from the card skimming device. The RFID blocking sleeves can be purchased at amazon.com.